Coinbase Launches Layer 2 Blockchain Base: On-Ramp for Ethereum, Solana and Others
• Coinbase has launched Base, a layer 2 blockchain network built on Optimism’s OP Stack to provide easy and secure access to Ethereum, Solana, and other blockchain ecosystems.
• The testnet of Base was started by Coinbase on Thursday. Coinbase is joining Optimism as a core developer for the open source platform.
• Base will offer an inexpensive way for developers and users to build decentralized applications (dapps) onchain.
Coinbase Launches Layer 2 Network
Crypto exchange Coinbase (COIN) launched Base, a layer 2 network built using Optimism’s OP Stack, providing easy and secure access to Ethereum, Optimism, Solana, and other blockchain ecosystems. Will Robinson, vice president of engineering at Coinbase said that this launch will attract millions of new crypto users in the coming years.
Base Testnet Started
The testnet of Base was started by Coinbase on Thursday. They are joining Optimism as a core developer on the open-source OP Stack which is a developer toolkit for the Optimism network. This testnet will not be limited to Ethereum but also provide access to layer 2 networks such as Optimism as well as other blockchains ecosystems like Solana.
Secure And Low-Cost Access To Dapps
Robinson stated that Base provides a secure and low-cost way for anyone anywhere to build decentralized apps or “dapps” onchain. He added that they plan to progressively decentralize the chain over time while leveraging their experience building crypto products over the past decade inside Coinbase itself.
Join The Conversation In Crypto And Web3
The Hash panel discussed the launch in the latest move bringing a new wave of mainstream crypto adoption and Shaurya Malwa from CoinDesk’s markets team in Asia wrote an article about it too! Join the most important conversation in crypto and Web3 taking place in Austin, Texas April 26-28th. Secure your seat now!